Of course, there are still things to consider. Not only is the onus on you to source work, but responsibility and liability for the whole business rest with you. This is true for you tax obligations too. That’s where Accounts Direct can help.

  • Less bureaucracy.Minimal administration means anyone can self-start
  • No setup fees.Minimal administration means anyone can self-start
  • Complete control.Answer only to yourself.
  • Privacy.Limited companies must put certain details on public record. You don’t.
  • Expense allowances.Keep track of any expenses, and claim tax relief at the end of the tax year.
  • Flexibility.Steer your business in the direction you want to. Decide your own hours.
  • Easy accounting.Much less bureaucracy than a limited company.
  • Keep profits.Whatever you make, you keep.

Every tax payer is entitled to a tax free allowance of £11,500 for 2017/18. Income above this threshold is taxes at the following levels-:

The Basic Income Tax rate of 20% on income up to £45,000
The Higher Income Tax rate of 40% on income between £45,001 and £150,000
The Additional Income Tax rate of 45% on income over £150,000.

In additional to Income Tax, sole traders are liable to pay two types of National Insurance Contributions (NICs):

Class 2 NICs which is £2.85 per week for Tax Year 2017/18
Class 4 NICs which is 9% of your earnings between £8,164 and £45,000, and 2% of any profits above this.

We have helped plenty of sole traders before, and we can do the same for you. We will discuss your options in detail to make sure you choose whatever is right for you and your business. We’re committed to delivering an outstanding accountancy service to all our clients. We have helped over 5,000 to date. All have received:

  • A personal accountant
  • Face-to-face meetings
  • Highly-competitive fees
  • Money back guarantee
  • Expert advice at every turn

I used to dread accounting month but the last 2 years have been utterly pain free because of this super lot! Efficient, professional, thorough and really dedicated to saving you money. The savings they made me more than paid for their services! Many thanks.


Accounts Direct helped reactivate the company, get books up to date and all formalities in order as it should be. I'm very happy with how they approached the challenge and came through all the way. Solution oriented, agile, available and fast. 

Mr. Tor Karstensen, NOVYTEC LIMITED

Free resources

We believe in education and in providing useful information that can support all of our customers. Our bank of free resources is all part of our service to you.

Knowledge Centre

Vs Umbrella

PDF (3,5 MB)

Vs Sole Trader

PDF (3,5 MB)


PDF (3,5 MB)